KYIV, Nov 9 – Metinvest, the largest Ukrainian mining and metallurgical holding, in January-September of this year reduced production of semi-finished products by 1% compared to the same period last year, to 2.466 million tons, but increased production of finished products by 23%, to 5.345 million tons.

According to a press release from parent company Metinvest B.V. on the results of operating activities for nine months of 2021, in the third quarter of 2021 production of semi-finished products increased by 48% compared to the previous quarter, to 1.015 million tons. Thus, the effect of consolidation of commercial billet production at the facilities previously owned by Dniprovsky Integrated Iron & Steel Works (DMK), since August 2021, amounted to 165,000 tons. Production of commercial cast iron increased by 36%. At the same time, commercial slab production increased by 15% due to a decrease in intra-group consumption due to the annual overhauls of reelers in the European Union and the United Kingdom in August 2021.